News of the week

Goldman Sachs Still Works on Bitcoin Trading Desk despite Reports

Goldman Sachs Chief Financial Officer Martin Chavez called a report that the bank was ditching plans to launch a cryptocurrency trading desk “fake news.” The CFO added that the work on a type of derivative for Bitcoin never stopped because “clients want it.”, but there is still no timeline.

The Women’s National Basketball Players Association (WNBPA) has reached an agreement with a live-streaming platform Sportscastr, where they could earn some crypto. All current players of WNBA will be invited to provide live commentary across a range of professional and college sports on a dedicated platform with player content such as games, leaderboards and streams.

Crypto exchange Coinbase is considering to create a cryptocurrency-based exchange-traded fund (ETF) with the help of the Wall Street investment management company BlackRock. Reports state that ETF is aimed to allow retail investors to gain access to volatile crypto markets.

Research Service YouGov Omnibus posted results of a survey, which shows that half of American millennials are interested in using cryptocurrency. Of the people who believe that cryptocurrencies will become widely accepted, over one-third (36%) say they would be interested in converting to primarily using a cryptocurrency rather than the U.S. dollar. Millennials are almost equally split between being interested (48%) and not interested (50%).

Leading US-based cryptocurrency exchange Bittrex partnering with Cryptofacil – a fintech digital asset trading platform to launch a digital asset trading platform in Latin America and the Caribbean. The team responsible for customer operations, support, compliance, marketing, and sales is based in Uruguay. The new trading platform will be underpinned by Bittrex’s technology and is said to include over 270 token pairings.

MEGA Chrome Extension is Compromised and Could Be Used to Steal Monero

The extension has been hacked and it can now be used for criminal activities. Besides stealing users’ logins, the extension can also steal users’ cryptocurrencies especially Monero (XMR). According to posts noted on Reddit and Twitter, the extension version 3.39.4 is hacked.

Uzbekistan’s President has signed a decree legalizing the activities of cryptocurrency exchange. To operate in the country, foreign trading platforms will have to establish local subsidiaries and abide by the country’s relevant laws.